Moodeng price holds $0.14 as recovery pauses on mixed sentiment
Moodeng shows short-term strength
Moodeng cryptocurrency is trying to reclaim lost ground after enduring four straight weeks of selling pressure that dragged the memecoin down by 43%. This week has shown signs of resilience, beginning mid-week when the price found footing near the psychological $0.14 level. However, Thursday’s session failed to build on Wednesday’s gains, closing as a Doji candlestick that reflected hesitation from both bulls and bears. That indecision stalled the recovery momentum temporarily.
• Moodeng rallies 4% today as bulls attempt to flip the weekly candle green
• Price approaches Fibonacci golden ratio, which may decide short-term direction
• 4-hour RSI turns bullish, but fading volume raises concerns of recovery strength
Friday’s price action, however, revived the bullish bias. As of the European session, Moodeng has already surged 4% on the day, trading around $0.1580, and now aims to sustain above the week’s opening level at $0.1555. A close above this level would flip the weekly candle green and inject further optimism into the short-term trend.
Moodeng price dynamics (May - June 2025). Source: TradingView
Technical indicators show that Moodeng initially gained traction at the 100-day EMA during the Asian session. Since then, price has pushed steadily higher. On the hourly chart, price is now approaching the 61.8% Fibonacci retracement level at $0.1587. This golden ratio level has historically acted as a decisive resistance in corrective rallies, making it a key level to watch as the recovery stretches.
Moodeng 4-hour RSI hints at sustained bullish effort behind today’s surge
Further momentum support comes from the 4-hour RSI, which has now entered bullish territory at 55.7. This RSI shift suggests that the current rally is not purely reactive, but has room to extend. Should the price break above the $0.1587 Fibonacci resistance, the next level to watch is the 50 EMA on the 4-hour chart, located at $0.1612.
However, there are early signs of weakness in the rally. Volume on the upside has been declining, a concern that the current bullish retracement may lack the conviction to sustain. The muted participation hints at potential exhaustion, increasing the probability of a bearish continuation once Fibonacci resistance kicks in. If price fails to stay above $0.1555 by the week’s close, the memecoin risks flipping red again, resuming the broader downtrend.
In summary, Moodeng is showing signs of short-term strength, supported by RSI and intraday structure, but faces significant resistance price levels at $0.1587 and $0.1612. Traders watching this recovery may need to gauge whether momentum can hold through these barriers or falter back into the prior bearish structure.
Moodeng bounced off $0.1410 but failed to stay above the 100-day EMA at $0.1490. Bearish RSI and an inverted hammer signalled weakness and stalled the recovery.
